Re: Other highlights...prod lic,jv, cash...hmm history repeating itself again...
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by
posted on
Jun 14, 2009 04:34AM
Developing large acreage positions of unconventional and conventional oil and gas resources
...thanks for the cliff note version soly...it is very interesting that the P90 is 25.8tcf...not sure if this includes gas only or oil equivalent as well...so easy to lull the investing world to sleep nowadays...as the focus for what seems years now is the management and the flubbs that have followed...if rExxon lives up to their motto and the wells are made to flow...these numbers will most likely become significant once again...if one combines the fact that such a large portion of fo is owned by instos and those close to mab's heart...along with the fact that exxon and mol are involved...mab trumped the resources real value to date...but when this land of the Hungarian goulash provides din din for many...the sp is sure to react...we look back to the last pp...it was needed to show strength...at this point in the game considering the market place and how difficult to raise funds...it shows that either there are those that like giving money away or there are those that are given a scoop of mako reality and that alone has made swalling the rather ripe mako treat easier to swallow these days...possibly reloding the bank to show exxon that fo isnt going away with the drip drip drip until death method...but maybe just maybe like history shows fo maybe trying to find other suitors to jv their other chunk of dirt...if you dont want to play then we will go a different direction lord help us all if mab has to run a day to day ng and oil company...wasnt shortly after the previous pp that the jv with the great exxon took place...too many scenarios to consider...fact is fo got cash...exxon about to test...fo about to fly...which way...now that is the question...our bet is the same as that of big bet...north...put waltzing matilda on hold and take the trough to the bank mab...it wont be long now...there really cant be that many more 60-90s;)...gofo and g'day